The MarketU.S. soybean exports have been impressive, but funds continue to focus on South American rains. For the week to date, November soybean futures are higher but cannot maintain a close back up over $10/bushel. They are challenging resistance but remain below the 50-day MA at 1007.25/bushel. Funds maintain open interest in puts, indicating a push higher is unlikely. 10242024oilseeds_beans.png 1.04 MBSoymeal exports sales last week were the lowest in over two months. This put a damper on futures today as the December contract continues to trend lower. 10242024oilseeds_meal.png 999.83 KBBy contrast, this week has been very bullish vegetable oil. Although palm oil closed lower today, it has been leading the segment higher for several day...
Key Market Insights Geopolitical Limbo: Geopolitical risk remained a key driver across global commodity markets today. President Trump stated that the Iran memorandum of understanding is not yet final and warned that military action could resume if negotiations fail. Both sides continue w...
Key Takeaways: Drought remains a major threat to global agricultural production, particularly in regions with limited rainfall and growing water scarcity. Commercially available drought-tolerant traits in corn, soybeans, and wheat have generally delivered modest yield improvements, limiting th...
Key Takeaways: Peace at last in the Persian Gulf? Over the weekend, the U.S. announced and Iranian officials confirmed a peace agreement, with formal ratification set for Geneva on 19 June. The announcement means the Strait of Hormuz is set to reopen fully and toll-free within 30 days.&n...
From WPI Consulting
Accountability and a comprehensive approach to export programming
WPI’s team helped construct a strategic approach to develop, implement, and track promotional activities in 8 key regions across the globe for an agricultural export association. With continued progress measurement and strategic advisory services from WPI, the association has seen its ROI from investments in promotional programming increase by 44 percent over the past 5 years. Not only does this type of holistic approach to organizational strategy provide measurable results to track and analyze, it fosters top-down and bottom-up organizational accountability.